BBN News and Press, BlackRock Taxable Municipal Bond Trust of Beneficial Interest From 12/09/20

November was one of the best months for markets in general and that includes CEFs, which rallied hard. Our Core Portfolio was up 7.2% in the month. Discounts have tightened materially in the last month but still remain much wider than at the start of the year. We describe why we t...

GBAB is a great long-term performer with high-quality characteristics. The fund is up over 8.7% YTD on price and 5.3% on NAV. The fund is increasingly venturing into tax-free munis as a way to supplant the declining taxable muni ("BAB") space. The yield is being 'juiced' a bit by ...

Most of our articles are for active investors, but this one is written with passive investors in mind. After all, not everyone wants to or has the time or interest. So, we present a portfolio for passive but conservative investors. We construct a portfolio solely based on funds or ETF...

23 out of 23 CEF sectors positive on price and 23 out of 23 sectors positive on NAV last week as election volatility subsides. NHF tender offer begins, with an expiration date of December 10, 2020. We discuss RIV's rights offering results in a separate report. For further de...

BlackRock Taxable Municipal Bond Trust (BBN) declares $0.117/share monthly dividend, 4.7% increase from prior dividend of $0.112.Forward yield 5.41%Payable Oct. 30; for shareholders of record Oct. 15; ex-div Oct. 14.See BBN Dividend Scorecard, Yield Chart, & Dividend Growth. For further...

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of sixty two BlackRock municipal, taxable fixed-income, and equity closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurchase Prog...

BBN holds taxable muni bonds, which have seen a surge in activity in 2020 and have performed well. The fund offers a 5% yield that is fairly safe, as it holds many investment grade and non-callable bonds. Rising supply remains a headwind in the sector, as it has for some time. How...

(This report was issued to members of Yield Hunting on Aug. 30. All data herein is from that date.) Macro Picture Equities continued to advance to new highs though the rate of change continues to decline. The S&P 500 is on track for its best performing month of August since 1986. T...

Author's note: This article was released to CEF/ETF Income Laboratory members on August 25, 2020. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors i...

Author's note: This article was released to members on August 19, 2020. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well...